Hi all,
am currently on a tracker with ptsb at 4.1% though its soon to increase.
they are offering 5 year fixed for 4.99%.
or 3 year 4.85%
or 2 year 4.65%
considering the current trend in interest rate hikes, and the prediction in yesterdays Indo that it will hit 4% some time next year (pushing my tracker rate to 5.1%) i would like to fix. Especially because there is not a huge difference between my present tracker rate and the 5 year fixed they are offering.
However I dont want to be tied into a 5 year fixed term just in case the ecb decides to drop rates during the latter part of that 5 year period. So i am more inclined twards the 2 or 3 year fixed. Is this wise??
Im wondering are there many of you who were on variable who are now switching to fixed and how long for?
am currently on a tracker with ptsb at 4.1% though its soon to increase.
they are offering 5 year fixed for 4.99%.
or 3 year 4.85%
or 2 year 4.65%
considering the current trend in interest rate hikes, and the prediction in yesterdays Indo that it will hit 4% some time next year (pushing my tracker rate to 5.1%) i would like to fix. Especially because there is not a huge difference between my present tracker rate and the 5 year fixed they are offering.
However I dont want to be tied into a 5 year fixed term just in case the ecb decides to drop rates during the latter part of that 5 year period. So i am more inclined twards the 2 or 3 year fixed. Is this wise??
Im wondering are there many of you who were on variable who are now switching to fixed and how long for?